“Changing the World Map”; Commentary from an Equity Markets Seminar

George Smith Partners joined equity investors in a seminar hosted by Neuberger Berman LLC as they discussed investing with an eye on global events. In summary; terrorist event risk is much lower in the United States than many other countries, including most of the European Union countries. Americans are encouraged to focus more on protection against cyber-attacks than all other threats. Brexit and further political uncertainty in the EU will continue to create volatility in European financial markets. International investors will now look to U.S. Treasuries and commercial real estate as a safe haven. Look for more liquidity and capital to flow into the Treasury and US real estate markets. Historically low cap rates in the U.S. will continue to remain low for a number of years as the EU finalizes, executes and digests Britain’s historic vote to vacate the EU.